Foreign bank accounts that peak over $10,000 in a given tax year have to be reported too. The amount isn't taxed, but it must be reported. A Statement of Foreign Assets (8938) also needs to be filed when you own foreign assets over a certain value.

Depending on where you live outside of the United States, you may qualify for the Foreign Housing Exclusion. The FHE helps compensate you when living in a city where the living costs are higher than the average US living cost of $16,128.

8,219 expat tax returns filed and counting...

Let’s admit it, having children is expensive. A number of expenses, such as education and child care, need to be added to the budget, not to mention the increase in clothing, food and leisure costs....